Global alternative investment firm, V\u00e4rde Partners have announced an agreement with Sareb to manage a portfolio of residential development assets in Spain valued at over \u20ac800 million.<\/p>\n
The agreement includes a 10 per cent stake in Sareb\u2019s newly-formed Bank Asset Fund holding the portfolio, and will be managed and developed independently by Aelca, a Spanish residential developer and asset management company acquired by V\u00e4rde-owned Via C\u00e9lere in January 2019. Following the acquisition, Via C\u00e9lere is now one of the largest residential developers in Spain with a gross asset value of over \u20ac 2.2 billion.<\/p>\n
Advised by Clifford Chance and Alantra, V\u00e4rde Partners established its offices in Spain in 2014 and has invested over $5.5 billion in real estate assets across Europe since 2006.<\/p>\n
In a statement, Francisco Milone, Partner and Head of European Real Estate at V\u00e4rde Partners said of the new agreement, ”we are pleased to have been selected for this mandate by Sareb following a competitive evaluation process. We believe this underscores the remarkable quality of the Alexia platform and our team in Spain.”<\/p>\n
”We look forward to establishing a long-term partnership with Sareb and converting these assets into thousands of homes across Spain.”<\/p>\n
Domus Venari are pleased to offer a wide range of New-Build Properties<\/a> and New Developments<\/a> for sale on the Costa del Sol, including a brand new residential development, the one benalmadena, consisting of 20 contemporary apartments<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Global alternative investment firm, V\u00e4rde Partners have announced an agreement with Sareb to manage a portfolio of residential development assets in Spain valued at over \u20ac800 million. The agreement includes a 10 per cent stake in Sareb\u2019s newly-formed Bank Asset Fund holding the portfolio, and will be managed and developed independently by Aelca, a Spanish […]<\/p>\n","protected":false},"author":2,"featured_media":18643,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[738],"tags":[],"class_list":["post-18460","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-investment-spain"],"yoast_head":"\n